Mizuho Cuts Enterprise Products Partners (NYSE:EPD) Price Target to $38.00

Enterprise Products Partners (NYSE:EPD - Get Free Report) had its price objective dropped by Mizuho from $39.00 to $38.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the oil and gas producer's stock. Mizuho's price target points to a potential upside of 18.84% from the company's previous close.

EPD has been the topic of a number of other research reports. Barclays cut their price target on shares of Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their target price on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. Scotiabank lifted their price target on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Wall Street Zen upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a research report on Thursday, May 8th. Finally, Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a report on Monday, May 5th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Enterprise Products Partners currently has an average rating of "Moderate Buy" and an average target price of $36.36.

Enterprise Products Partners Trading Down 0.2%

Shares of EPD stock traded down $0.08 on Friday, hitting $31.98. 1,454,345 shares of the company's stock traded hands, compared to its average volume of 4,776,187. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.86. Enterprise Products Partners has a one year low of $27.37 and a one year high of $34.63. The company's fifty day simple moving average is $31.36 and its 200 day simple moving average is $32.09. The stock has a market capitalization of $69.35 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.35 and a beta of 0.64.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.05). The business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. Enterprise Products Partners's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. Equities analysts forecast that Enterprise Products Partners will post 2.9 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. AA Financial Advisors LLC increased its position in Enterprise Products Partners by 101.9% during the second quarter. AA Financial Advisors LLC now owns 12,283 shares of the oil and gas producer's stock valued at $381,000 after acquiring an additional 6,199 shares during the last quarter. Miller Howard Investments Inc. NY increased its position in Enterprise Products Partners by 0.7% during the second quarter. Miller Howard Investments Inc. NY now owns 3,358,259 shares of the oil and gas producer's stock valued at $104,140,000 after acquiring an additional 24,373 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Enterprise Products Partners during the second quarter valued at $18,316,000. Kozak & Associates Inc. increased its position in Enterprise Products Partners by 114.8% during the second quarter. Kozak & Associates Inc. now owns 2,678 shares of the oil and gas producer's stock valued at $85,000 after acquiring an additional 1,431 shares during the last quarter. Finally, ARS Wealth Advisors Group LLC grew its holdings in shares of Enterprise Products Partners by 12.2% in the second quarter. ARS Wealth Advisors Group LLC now owns 9,224 shares of the oil and gas producer's stock worth $286,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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